Not checked Marked out of 1.00 P Flag question SC F1 Take me to the text...

Transcribed Image Text:

Not checked Marked out of 1.00 P Flag question SC F1 Take me to the text Ester's Custom Framing has journalized their adjusting entries and prepared their adjusted trial balance. Using the adjusted trial balance, prepare the closing entries using the income summary account for the month of December. Ester's Custom Framing Adjusted Trial Balance December 31, 2019 Account Titles DR CR Cash $8,350 Accounts Receivable $2,590 Prepaid Insurance $2,720 Equipment $23,940 Accumulated Depreciation $1,080 Accounts Payable $3,100 Interest Payable $80 Unearned Revenue $1,730 Bank Loan $5,440 Ester, Capital $23,490 Ester, Withdrawals $2,670 Service Revenue $9,930 Depreciation Expense $200 Insurance Expense $260 Interest Expense $80 Office Supplies Expense $300 Rent Expense $1,820 Salaries Expense $1,620 Telephone Expense $300 Total $44,850 $44,850 F2 000 000 F4 F3 91 F5 MacBook Air Engi (en) ly nguyen II F6 F7 F8 F9 F10 & F11 Conta + (en) ly nguy Date 2019 Account Title and Explanation Debit Credit Dec 31 Dec 31 Close revenue accounts Dec 31 Close expense accounts 4 Close income summary account MacBook Air 80 000 000 F3 F4 F5 F6 F7 F8 F9 F10 F11 Cont Dec 31 Close expense accounts Dec 31 Check Close income summary account Close owner's drawings Note: The "check" button does not submit your attempt.To submit the attempt, go to the end of the quiz and click on the "submit all finish" button. MacBook Air Not checked Marked out of 1.00 P Flag question SC F1 Take me to the text Ester's Custom Framing has journalized their adjusting entries and prepared their adjusted trial balance. Using the adjusted trial balance, prepare the closing entries using the income summary account for the month of December. Ester's Custom Framing Adjusted Trial Balance December 31, 2019 Account Titles DR CR Cash $8,350 Accounts Receivable $2,590 Prepaid Insurance $2,720 Equipment $23,940 Accumulated Depreciation $1,080 Accounts Payable $3,100 Interest Payable $80 Unearned Revenue $1,730 Bank Loan $5,440 Ester, Capital $23,490 Ester, Withdrawals $2,670 Service Revenue $9,930 Depreciation Expense $200 Insurance Expense $260 Interest Expense $80 Office Supplies Expense $300 Rent Expense $1,820 Salaries Expense $1,620 Telephone Expense $300 Total $44,850 $44,850 F2 000 000 F4 F3 91 F5 MacBook Air Engi (en) ly nguyen II F6 F7 F8 F9 F10 & F11 Conta + (en) ly nguy Date 2019 Account Title and Explanation Debit Credit Dec 31 Dec 31 Close revenue accounts Dec 31 Close expense accounts 4 Close income summary account MacBook Air 80 000 000 F3 F4 F5 F6 F7 F8 F9 F10 F11 Cont Dec 31 Close expense accounts Dec 31 Check Close income summary account Close owner's drawings Note: The "check" button does not submit your attempt.To submit the attempt, go to the end of the quiz and click on the "submit all finish" button. MacBook Air